CarGurus Inc (NASDAQ:CARG) CEO Sells $4,743,380.16 in Stock

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CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 130,456 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $36.36, for a total value of $4,743,380.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Langley Steinert also recently made the following trade(s):

  • On Friday, July 5th, Langley Steinert sold 58,703 shares of CarGurus stock. The shares were sold at an average price of $36.01, for a total value of $2,113,895.03.
  • On Wednesday, July 3rd, Langley Steinert sold 176,109 shares of CarGurus stock. The shares were sold at an average price of $36.05, for a total value of $6,348,729.45.
  • On Monday, June 10th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $35.18, for a total value of $4,130,343.08.
  • On Thursday, June 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $34.27, for a total value of $4,023,503.62.
  • On Tuesday, June 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $33.68, for a total value of $3,954,234.08.
  • On Wednesday, May 8th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $40.06, for a total value of $4,703,284.36.
  • On Monday, May 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $40.59, for a total value of $4,765,509.54.
  • On Thursday, May 2nd, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $39.88, for a total value of $4,682,151.28.

CARG stock opened at $37.97 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market cap of $4.15 billion, a P/E ratio of 66.61, a price-to-earnings-growth ratio of 4.14 and a beta of 1.83. CarGurus Inc has a fifty-two week low of $30.29 and a fifty-two week high of $57.25. The business’s fifty day moving average price is $35.89.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. The company had revenue of $135.30 million during the quarter, compared to the consensus estimate of $129.54 million. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. On average, analysts predict that CarGurus Inc will post 0.23 EPS for the current fiscal year.

Several brokerages have recently issued reports on CARG. Goldman Sachs Group set a €137.00 ($159.30) target price on Safran and gave the company a “buy” rating in a research report on Monday, March 18th. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. SunTrust Banks decreased their target price on EOG Resources to $120.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. DA Davidson set a $54.00 target price on CarGurus and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, BTIG Research set a $14.00 target price on ARBOR RLTY TR I/SH and gave the company a “buy” rating in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. CarGurus presently has a consensus rating of “Buy” and an average price target of $48.92.

Several hedge funds have recently bought and sold shares of CARG. FMR LLC lifted its stake in shares of CarGurus by 0.7% in the 1st quarter. FMR LLC now owns 10,915,766 shares of the company’s stock worth $437,286,000 after acquiring an additional 79,685 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of CarGurus by 4.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,494,720 shares of the company’s stock worth $300,238,000 after acquiring an additional 295,775 shares during the period. Hound Partners LLC lifted its stake in shares of CarGurus by 61.5% in the 4th quarter. Hound Partners LLC now owns 5,532,298 shares of the company’s stock worth $186,604,000 after acquiring an additional 2,106,372 shares during the period. BlackRock Inc. lifted its stake in shares of CarGurus by 20.8% in the 4th quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock worth $127,846,000 after acquiring an additional 651,931 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in shares of CarGurus by 50.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 838,136 shares of the company’s stock worth $28,270,000 after acquiring an additional 280,233 shares during the period. Institutional investors own 74.79% of the company’s stock.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.

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Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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